Exposure Draft and comment letters—Accounting Policies and Accounting Estimates (Amendments to IAS 8)

 

The International Accounting Standards Board (Board) has published for public consultation proposed narrow-scope amendments to IAS 8 Accounting Policies, Changes in Accounting Estimates and Errors.

The purpose of the proposed amendments is to help companies distinguish accounting policies from accounting estimates.  

The distinction is important because changes in accounting estimates often affect a company’s profit or loss, but changes in accounting policies generally do not. The Board welcomes feedback on its view that the amendments will make the distinction clearer.

Deadline for submitting comment letters: 15 January 2018

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All comment letters should be submitted via the online upload page. If you have any problems using this page, please contact us for help with the submittal process. Please refrain from sending comment letters to IASB or IFRS Foundation individuals. Board and staff members have access to all comment letters submitted via the online upload page. You must be an eIFRS Basic user to submit a comment letter and registration is free.

All comment letters will be on the public record and posted on our website unless the respondent requests confidentiality. Such requests will not normally be granted unless supported by a good reason, for example, commercial confidence.

 

Comment letters are public and all comment letters received on the due process document can be accessed below.

Please note that it can take up to 5 days until a comment letter appears on this page. If you have trouble finding a specific comment letter, please contact us.

Access individual comment letters in the table below or download all letters as zip file.

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